Information services company IHS has completed its acquisition of GlobalSpec, a search engine of engineering and industrial products from Warburg Pincus. The transaction value was for $135 million.
IHS Inc. IHS -1.88% , the leading global source of information and analysis, today announced it has completed the closing of its acquisition of GlobalSpec, Inc., the leading specialized vertical search, product information and global access point providing critical digital information tied to key Product Engineering and Design workflows for seven million engineers, from Warburg Pincus LLC for $135 million.
IHS Chairman and Chief Executive Officer Jerre Stead and senior leadership will discuss details about the GlobalSpec acquisition and provide updated guidance for 2012 on a call set for 4:30 pm EDT, July 11, 2012. To participate in this call, click on the following link: http://www.ihs.com/Investor-Relations/ and log on at least 15 minutes prior to the start of the webcast.
About IHS ( www.ihs.com )
IHS IHS -1.88% is the leading source of information, insight and analytics in critical areas that shape today’s business landscape. Businesses and governments in more than 165 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS employs more than 6,000 people in more than 30 countries around the world.
IHS is a registered trademark of IHS Inc. All other company and product names may be trademarks of their respective owners. (C) 2012 IHS Inc. All rights reserved.
About GlobalSpec, Inc. ( www.globalspec.com )
GlobalSpec, Inc. is the leading provider of digital media solutions designed to connect industrial marketers with their target audience of engineering, technical, industrial, scientific and manufacturing sector professionals. GlobalSpec provides its registered users with a domain-expert search engine to search more than 50,000 supplier catalogs by specification, a broad range of proprietary and aggregated Web-based content, over 15 annual online events, and more than 70 e-newsletters – helping them search for and locate products and services, learn about suppliers and access comprehensive technical content. For suppliers, GlobalSpec helps generate awareness, demand and engagement opportunities among the professionals they are looking to reach – from inbox to desktop, through networks and via real-time engagement.
IHS FORWARD-LOOKING STATEMENTS: This release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. Such statements may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products, and services, and statements regarding future performance. Forward-looking statements are generally identified by the words “expect,” “anticipate,” “believe,” “intend,” “estimate,” “plan” and similar expressions. Although IHS and its management believe that the expectations reflected in such forward-looking statements are reasonable, investors are cautioned that forward-looking information and statements are subject to various risks and uncertainties–many of which are difficult to predict and generally beyond the control of IHS–that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include those discussed or identified by IHS from time to time in its public filings. Other than as required by applicable law, IHS does not undertake any obligation to update or revise any forward-looking information or statements.
SOURCE: IHS Inc.